Land
Please note that no offers will be accepted prior or post to the Auction.
The property will be sold on the understanding that the 10% deposit must be paid by a Banker’s Draft made payable to CPBigwood Ltd. No other means of payment will be accepted and failure to do so will result in the property being re-offered for Sale.
In addition to the purchase price, the purchaser will be required to pay the Council’s professional fees of £1,000.
The existing pay and display ticket machines will be removed and the existing electricity supply to each car park will be disconnected prior to the completion of the sale.
A. Car Park on Northwood Street, Hockley
A 77 space pay and display public car park with a total site area of 1,878 sq.m. (2,246 sq.yds) or thereabouts. Gross Income for 2013/2014 - £55,259 per annum, with a rateable value of £16,000.
B. Car Park on Smith Street, Newtown
A 36 space pay and display public car park, with a total site area of 1,108 sq.m. (1,325 sq.yds) or thereabouts. Gross Income for 2013/2014 £6,650 per annum, with a rateable value of £12,250.
C. Car Park on Ward Street, Newtown
A 44 space pay and display public car park, with a total site area of 941 sq.m. (1,125 sq.yds) or thereabouts. Gross Income for 2013/2014 £17,561 per annum, with a rateable value of £11,000.
Land & Development Opportunities & Garages
A Portfolio of Three Leasehold Car Parks
Current Gross Income: £79,470 pa.
The three car parks will be sold on a new 125 year Lease, subject to a peppercorn ground rent and are to be retained as car parks. Vacant possession will be given upon completion.
This lot is subject to VAT at the standard rate.
The sites are open for viewings.
